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(OLECTRA) Olectra Greentech complete technical analysis [charts+indicators] | Buy/Sell Olectra Greentech | (OLECTRA) share price targets

Complete technical analysis of Olectra Greentech (OLECTRA) by charts plus indicators, forecast predictions and share price targets for Olectra Greentech (OLECTRA)

Showing technical analysis as on 2024-05-29 View latest technical analysis

10 day averaged volume of Olectra Greentech is 1041304

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	1801.20	1780.00	1825.00	1753.40	0.743 times
28 Tue May 2024	1787.10	1817.05	1834.35	1781.00	0.791 times
27 Mon May 2024	1808.80	1793.70	1865.00	1765.00	1.941 times
24 Fri May 2024	1784.35	1810.00	1851.00	1776.00	1.344 times
23 Thu May 2024	1808.70	1808.00	1839.00	1798.60	0.867 times
22 Wed May 2024	1793.95	1706.30	1805.20	1700.00	2.768 times
21 Tue May 2024	1704.25	1700.00	1725.00	1694.85	0.365 times
18 Sat May 2024	1722.20	1697.00	1730.00	1693.10	0.132 times
17 Fri May 2024	1694.55	1708.00	1709.40	1688.20	0.277 times
16 Thu May 2024	1694.00	1725.10	1728.80	1681.45	0.387 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1776.3, but if it comes below 1776.3, then a intra day sell could be more profitable.
If you take a sell trade below 1776.3, then use 1776.3 as stoploss and 1708.48 as target. However if you take a buy trade in stock , then use 1776.3 as stoploss and 1857.6 as target.

Share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Target	1327.40
Downside Target	1560.00
Downside Target	1694.85
Downside Target	1777.35
Upside Target	1808.00
Upside Target	1851.00
Upside Target	1865.00
Upside Target	2011.50
Upside Target	2011.75
Upside Target	2221.95

Intraday share price targets for Olectra Greentech (OLECTRA)

Target Type	Value
Downside Intraday Target	1748.07
Downside Intraday Target	1694.93
Upside Intraday Target	1859.67
Upside Intraday Target	1918.13
Upside Intraday Target	1806.53

Weekly technical analysis of Olectra Greentech (OLECTRA)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	1801.20	1793.70	1865.00	1753.40	0.65 times
24 Fri May 2024	1784.35	1700.00	1851.00	1694.85	1.724 times
18 Sat May 2024	1722.20	1605.00	1730.00	1560.00	1.572 times
10 Fri May 2024	1609.25	1718.00	1718.90	1591.15	1.059 times
03 Fri May 2024	1710.10	1760.05	1777.35	1702.00	0.32 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Olectra Greentech (OLECTRA)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	1801.20	1729.20	1865.00	1560.00	0.81 times
30 Tue Apr 2024	1726.70	1900.95	2011.75	1591.65	0.623 times
28 Thu Mar 2024	1888.55	1978.00	2011.50	1560.10	0.562 times
29 Thu Feb 2024	1966.75	1751.20	2221.95	1713.05	0.828 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Olectra Greentech (OLECTRA)

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Olectra Greentech ( (OLECTRA) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Olectra Greentech stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Olectra Greentech in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Olectra Greentech Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Olectra Greentech in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Olectra Greentech is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1785.67 and Olectra Greentech (OLECTRA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Olectra Greentech (OLECTRA) stock. Volume based technical analysis of Olectra Greentech (OLECTRA) stock is negative.

Olectra Greentech Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.